high-income non-EU European economy; aging labor force; large state-owned energy company constrains budget and spending; largest oil sovereign wealth fund; major fishing, forestry, and extraction industries; large welfare system
$355.122 billion (2021 est.)
$341.855 billion (2020 est.)
$344.324 billion (2019 est.)
note: data are in 2017 dollars
comparison ranking
3.88% (2021 est.)
-0.72% (2020 est.)
0.75% (2019 est.)
comparison ranking
$65,700 (2021 est.)
$63,500 (2020 est.)
$64,400 (2019 est.)
note: data are in 2017 dollars
comparison ranking
$405.695 billion (2019 est.)
3.48% (2021 est.)
1.29% (2020 est.)
2.17% (2019 est.)
comparison ranking
Fitch rating: AAA (1995)
Moody's rating: Aaa (1997)
Standard & Poors rating: AAA (1975)
note: The year refers to the year in which the current credit rating was first obtained.
agriculture: 2.3% (2017 est.)
industry: 33.7% (2017 est.)
services: 64% (2017 est.)
household consumption: 44.8% (2017 est.)
government consumption: 24% (2017 est.)
investment in fixed capital: 24.1% (2017 est.)
investment in inventories: 4.8% (2017 est.)
exports of goods and services: 35.5% (2017 est.)
imports of goods and services: -33.2% (2017 est.)
milk, barley, wheat, potatoes, oats, pork, poultry, beef, eggs, rye
petroleum and gas, shipping, fishing, aquaculture, food processing, shipbuilding, pulp and paper products, metals, chemicals, timber, mining, textiles
2.19% (2021 est.)
comparison ranking
2.971 million (2021 est.)
comparison ranking
agriculture: 2.1%
industry: 19.3%
services: 78.6% (2016 est.)
4.99% (2021 est.)
4.42% (2020 est.)
3.69% (2019 est.)
comparison ranking
total: 13%
male: 13.5%
female: 12.5% (2021 est.)
comparison ranking
12.7% (2018 est.)
27.7 (2019 est.)
comparison ranking
on food: 11.7% of household expenditures (2018 est.)
on alcohol and tobacco: 4.1% of household expenditures (2018 est.)
lowest 10%: 3.8%
highest 10%: 21.2% (2014)
revenues: $185.338 billion (2020 est.)
expenditures: $210.522 billion (2020 est.)
4.4% (of GDP) (2017 est.)
comparison ranking
36.5% of GDP (2017 est.)
36.4% of GDP (2016 est.)
note: data cover general government debt and include debt instruments issued (or owned) by government entities other than the treasury; the data exclude treasury debt held by foreign entities; the data exclude debt issued by subnational entities, as well as intragovernmental debt; intragovernmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctions
comparison ranking
21.09% (of GDP) (2020 est.)
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calendar year
$71.551 billion (2021 est.)
$4.223 billion (2020 est.)
$11.919 billion (2019 est.)
comparison ranking
$199.074 billion (2021 est.) note: data are in current year dollars
$116.718 billion (2020 est.) note: data are in current year dollars
$146.28 billion (2019 est.) note: data are in current year dollars
comparison ranking
United Kingdom 21%, Germany 19%, Sweden 8%, Netherlands 7%, China 6% (2021)
natural gas, crude petroleum, salmon, refined petroleum, aluminum (2021)
$140.444 billion (2021 est.) note: data are in current year dollars
$119.632 billion (2020 est.) note: data are in current year dollars
$140.211 billion (2019 est.) note: data are in current year dollars
comparison ranking
Sweden 18%, Germany 12%, China 10%, Denmark 6%, United States 5% (2021)
cars, refined petroleum, broadcasting equipment, computers, ships, nickel (2021)
$84.271 billion (31 December 2021 est.)
$75.259 billion (31 December 2020 est.)
$66.946 billion (31 December 2019 est.)
comparison ranking
$651.04 billion (2019 est.)
$648.878 billion (2018 est.)
note: Norway is a net external creditor
comparison ranking
Norwegian kroner (NOK) per US dollar -
8.59 (2021 est.)
9.416 (2020 est.)
8.8 (2019 est.)
8.133 (2018 est.)
8.272 (2017 est.)
NOTE: The information regarding Norway on this page is re-published from the 2023 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Norway 2023 information contained here. All suggestions for corrections of any errors about Norway 2023 should be addressed to the CIA or the source cited on each page.
This page was last modified 22 Aug 23, Copyright © 2023 ITA all rights reserved.